A Joy Business report has revealed that Finance Minister Dr Cassiel Ato Forson is expected to present the 2026 Mid-Year Budget Review to Parliament next week, subject to Parliament’s availability.

Although the exact date was not confirmed in the report, sources close to the preparations say the proposed date will depend on Parliament’s availability to receive the presentation.

The Finance Minister is also required to complete Cabinet briefings on key aspects of the review, including new policy measures, before updating President John Dramani Mahama ahead of the presentation.

If the outstanding processes are completed on schedule, the 2026 Mid-Year Budget Review is expected to be presented to Parliament next week.

About the Mid-Year Budget Statement

The Mid-Year Budget Review in Ghana is a statutory requirement under Section 28 of the Public Financial Management Act, 2016 (Act 921). It is expected to be presented to Parliament by July 31 each year and serves as an accountability mechanism to assess fiscal performance and adjust policy.

It is anchored in the constitutional principles of transparency and accountability under Articles 179 and 187 of the 1992 Constitution.

What does the Mid-Year Budget Review cover?

A Mid-Year Budget Review is presented as a comprehensive fiscal update, structured to give Parliament and the public a clear picture of how the economy and government finances are performing halfway through the year.

Typically, the Minister begins with a macroeconomic update, where he touches on GDP growth, inflation trends, exchange rate movements, foreign reserves, and debt sustainability. This sets the tone by showing whether the economy is on track with projections or facing new pressures.

The review then covers revenue performance, explaining how much has been collected in taxes, levies, and other sources compared to what was projected in the annual budget. Following this, the Minister presents an expenditure review, which breaks down how government funds have been spent so far.

It includes details on wages and salaries, interest payments on debt, capital projects, and social interventions such as Free SHS and the School Feeding Programme.

The Minister also provides a fiscal deficit outlook, assessing whether Ghana is on track to meet its deficit target or whether adjustments are needed. For instance, the Minister is expected to provide an update on Ghana’s recently concluded IMF Extended Credit Facility (ECF) programme and the country’s transition to the new Policy Coordination Instrument (PCI).

Following that are policy adjustments, where the government may revise expenditure ceilings, borrowing plans, or introduce new measures to stabilise the economy in response to emerging challenges.

Finally, the review highlights sectoral progress, providing updates on flagship programmes such as Free SHS, the 24-Hour Economy initiative, industrialisation efforts, and energy sector reforms. This demonstrates how government policies are translating into tangible outcomes across different sectors.

The review will provide a comprehensive assessment of the economy over the first six months of 2026, covering revenue mobilisation, expenditure, debt servicing, and the overall fiscal outlook. It is also expected to announce any adjustments to the 2026 Budget in response to prevailing economic conditions.